Erasing a huge chunk of its gains in the final hours of trade, benchmark indices ended the session on a flat note, after having surged almost over 150 points on the Sensex intraday. The Nifty closed just above 9600.

The Sensex ended up 7.79 points at 31103.49, while the Nifty was down 9.50 points at 9606.90. The market breadth was negative as 1,318 shares advanced against a decline of 1,355 shares, while 192 shares were unchanged.

Midcaps closed absolutely flat, while metals, IT stocks, as well as auto and power stocks ended lower, FMCG and infrastructure gained.

Lupin, NTPC, and Power Grid Corporation gained the most, while Tata Motors, Vedanta and HCL Technologies were the top losers.